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3% Down Conventional Mortgage Loan

3% Down Conventional Mortgage Loan Learn about one of the newer conventional loan options, where you put 3 percent down instead of the typical 5 percent.     Traditionally Usually home buyers will put 5 percent down on a conventional mortgage loan, but what you may not know is that you may now qualify for a 3 percent down loan. There are some significant benefits to choosing this newer option. What’s the Difference? A 3 percent down loan means 2 percent less that you pay out of pocket, up front, for your home loan, compared to the five percent down conven...

June 4th, 2018 | Types of Loans, Qualify, Mortgage, Home Loans, Closing Costs, Mortgage Rate, 3% Down Conventional Mortgage Loan

Prequalify

Prequalify What is prequalification and what does it entail? Right now the real estate market is very competitive, and getting properly prequaled gives you the upper hand when buying a home. By getting prequalified, you can feel prepared and confident going in with your best offer, giving you the best chance to get your perfect home.     Questions Part of the process of prequalifying a home buyer includes questions like: “How much would you like for your maximum monthly house payments to be?” “How much savings and assets do you have that can be cons...

May 21st, 2018 | Home Loans, First-Time Home Buyer, Mortgage, Qualify, Prequalify

5 Common Mortgage Application Mishaps

5 Common Mortgage Application Mishaps And How to Avoid Them     1. Missing or Late Documents Before and during the mortgage process, your broker or lender will ask for tons of documentation. Sometimes, the documents you provide may prompt the need for more documents. It’s important to stay in touch with your broker or lender throughout the process, and promptly provide information when requested. The mortgage loan process can be complicated, and keeping up with what your broker or lender ask for will help smooth the process! 2. Applying for or Closing Credit...

March 22nd, 2018 | Reverse Mortgage, Types of Loans, Home Loans, Mortgage, 5 Common Mortgage Application Mishaps

FAQ: What is a reverse mortgage?

  What is a reverse mortgage? Reverse mortgages are one of the most popular, and one of the most misunderstood mortgages out there. Some seniors rule out the idea of getting a reverse mortgage based on misconceptions about what it means. Of course, with all significant financial decisions, everyone’s situation is different. Here we will set some of the facts straight about reverse mortgages to help you make an informed decision.     You don’t give up ownership of your home Some people believe that getting a reverse mortgage means giving up ...

February 11th, 2018 | Reverse Mortgage, Home Loans, Independent Mortgage Broker, Mortgage, Types of Loans, FAQ: What is a reverse mortgage?

What Is A 203K Loan?

What Is A 203K Loan? A 203K loan gives you the opportunity to get a single loan for both purchasing and improving your new home. Homebuyers often find several homes that are almost perfect, if it weren’t for an out-of-date kitchen, rundown deck, outdated appliances, or other home improvement project. But what some people don’t realize is that with a 203K loan, you can finance both the purchase and rehab of your new home!     From rehab to dream home You may find a home with most of the features you’re looking for, in the perfect school district, ...

February 4th, 2018 | 203K, Customize, Design, Home Loans, Homebuyer, Types of Loans, What Is A 203K Loan?

3 Facts About Buying A 2nd Home

3 Facts About Buying A 2nd Home The 2nd home market is thriving! Here are three facts about buying a second home in North Georgia.     If you’ve ever thought about owning a second home, whether you want to have a peaceful mountain getaway, or a lake house rental property, here are a few things to consider.   1: There are several loan options From jumbo loans to conventional financing, you may be surprised at your options. Jumbo loans may help you afford a more expensive second home, and with a conventional loan, you could get financing for up to 90 p...

December 17th, 2017 | Homebuyer, Home Loans, Local, North Georgia, Real Estate, 3 Facts About Buying A 2nd Home

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